Expanded Sports Betting in Washington Moves Forward

It wasn’t that long ago that sports betting in Washington State was passed. That legislation, however, restricts the activity to Tribal casinos. Now, the push is on to expand the activity to card rooms in the state… a move that supporters say will add jobs and tax revenue. The bill has come out of the state Senate and is backed by the Nevada-based Maverick Gaming. They are the same company that backed a similar bill last year. That legislation ultimately came up short of their goal, however. Tribal gaming interests in the state are naturally opposed to expanding sports wagers…

Gambling News from BetMGM and Vegas Casinos

We have a full week of gambling news to report, as a “glitch” with the BetMGM sports betting app resulted in anger, confusion, and the police being called! Also, Las Vegas casino restrictions are being rolled back a little at a time, and the Super Bowl streaker tries to collect on his stunt! Hello my fellow players out there! Thanks for watching another edition of This Week in Gambling, where we have a lot of gambling news to cover in this episode, so let’s not waste any time and get right into it with this week’s big story: Last week…

New Jersey Sports Betting Tops Nevada

As the economic free fall continues for the gambling industry amidst the Coronavirus pandemic, New Jersey sports betting has finally overtaken Nevada as leader of the American market. New Jersey’s total handle was over $6 billion last year, while Nevada sports gambling took in only $4.3 billion in 2020. Nevada regulators cited the coronavirus pandemic for the falling revenue. The first legal bet in New Jersey was placed in June of 2018. “The reason for the decrease to this calendar year was the result of the suspension of gaming operations from March 18 through June 4 due to COVID-19,” the…

Puerto Rico Sports Betting Looks for April Launch

A key piece of legislation from 2019 will allow for the regulation Puerto Rico sports betting starting later this year. That legislation was amended last year to permit the activity and signed into law by Governor Vázquez Garced. Hope is that betting on sports will create additional tax revenue and jobs. However, the Puerto Rican Gaming Commission notes that the law must be updated to include the amendments made late last year. Still, the hop and expectation is that hope is that Puerto Rico sports betting will launch by April. Under the new law, wagers on sporting events would be…

US Sports Betting to Top $3 Billion This Year

Earnings from the regulated US sports betting market could be over $3 billion for 2021. This according to a report from VIXIO Gambling Compliance. The same report estimates that up to 14 additional states regulating the activity this year, and that the market could generate over $10 billion by 2026. Their report comes as New York Governor Andrew Cuomo changes course on his opposition to mobile sports gambling, opening the door for the regulation of the lucrative market there. It also could take a significant share out of New Jersey’s betting market. Sara Slane, former official with the American Gaming…

Virginia sports betting bill

Virginia Online Sports Betting by Super Bowl?

Virginia online sports betting is growing ever closer to launch, and hopes are that wagers could be placed by residents even before the Super Bowl! Estimates are that the market could wager over $400 million this year. Betting on sports was approved some time ago, but the state will have no land based sports books. Only online betting is permitted under the state law. Expectations are that the Virginia Lottery will green light dozens of betting websites in the state. Sites that will be able to legally accept bets from state residents on a variety of sports. However, wagers are…